Hold onto your lungs, folks—Shell and BP are back at it with their latest climate cosplay. Yes, the world’s favorite carbon barons have decided they still kinda want a piece of the “clean energy” pie—not to save the planet, of course, but because it gives them a juicy trading advantage. Welcome to the age of “capital-light” climate action, where you don’t have to build anything meaningful—you just trade electrons and slap a green label on it.
Shell, that bastion of environmental virtue (ahem), is now leaning into what CEO Wael Sawan proudly calls a “capital-light business model” for renewables. Translation: we’ll let other people build the stuff while we swoop in to make money off the volatility. Shell will “make use of project financing where it makes sense and work with partners,” said Sawan at the New York Stock Exchange, presumably while clutching a reusable water bottle for ESG optics.
Wall Street is an invisible partner in Shell’s plunder: happy to enjoy the spoils, deaf to the spoils of war Shell waged on Nigeria’s environment
Shell is once again proving that nothing—not plummeting profits, climate devastation, or public outrage—will stop it from showering its investors with cash. Despite a “disappointing” $23.7 billion in profits for 2024 (down from the nearly $40 billion bonanza in 2022), Shell still managed to cough up $22.5 billion for its investors, because when you’re one of the world’s most notorious polluters, keeping shareholders happy always comes before keeping the planet habitable.
Shell on Trial: The Oil Giant That Polluted Nigeria for Profit Now Faces Justice
Oh look, another day, another example of Shell doing what Shell does best—putting profit over morality, humanity, and basic decency. This time, the fossil fuel giant has found itself in the middle of a geopolitical scandal, buying Russian liquefied natural gas (LNG) while its shipments are escorted by sanctioned, Kremlin-backed nuclear icebreakers.
Posted by John Donovan: 30 Jan 2025
Posted by John Donovan: 10 Dec 2024
19 Oct 2024
9 Oct 2024
Ah, Shell. The same company that has perfected the art of environmental destruction, employee exploitation, and moral bankruptcy now wants us all to get excited about its shiny new biofuels project in Brazil. Because, apparently, nothing says “we care about the planet” like an oil giant boasting about squeezing a few more drops of ethanol out of sugarcane while continuing to plunder the earth’s resources.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
